Author: Coindesk

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“The motivation and the incentives are there. Two pieces of the incentives that are really important, [House Financial Services Committee Patrick] McHenry [in] financial services, [Senate Agriculture Committee Chair Debbie] Stabenow [are both retiring members,” he said. “Schumer wants to give Stabenow a swan song, which could be this legislation. So you have the forces on both sides of the aisle in a bicameral way, working to get something done so that their legacy includes legislation that will be incredibly beneficial, not only to the industry, but in my opinion, to the American consumer.” Read the full article here

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The author of Public Citizen’s report, research director Rick Claypool, described the crypto industry’s political spending as “unprecedented.” Crypto companies’ direct spending in the past three election cycles totals $129 million, or 15% of all known corporate contributions since 2010, the year that the U.S. Supreme Court ruled in Citizens United v. Federal Election Commission that corporations have a First Amendment right to make unlimited donations to candidates via PACs. Read the full article here

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“We do work closely with global regulators. In many places around the world, it’s not a problem. There could be areas where it may be a challenge, but we have already resolved some of those issues,” Teng said, referring to the licenses the company has recently received and settlements it has made in countries like Dubai, India, Thailand and Brazil. Read the full article here

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